Investors Purchase High Volume of Put Options on Elys BMG Group (NASDAQ:ELYS)

Elys BMG Group, Inc. (NASDAQ:ELYS) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 542 put options on the company. This represents an increase of 885% compared to the average volume of 55 put options.

Elys BMG Group Stock Performance

ELYS opened at $0.14 on Thursday. The firm has a market capitalization of $5.24 million, a PE ratio of -0.24 and a beta of 2.71. Elys BMG Group has a twelve month low of $0.11 and a twelve month high of $0.77. The firm’s 50-day moving average price is $0.16 and its 200 day moving average price is $0.20. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.22.

Hedge Funds Weigh In On Elys BMG Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Elys BMG Group by 132.5% in the 1st quarter. Royal Bank of Canada now owns 14,828 shares of the company’s stock valued at $35,000 after purchasing an additional 8,450 shares during the last quarter. State Street Corp acquired a new position in Elys BMG Group in the 1st quarter valued at about $42,000. Northern Trust Corp acquired a new position in Elys BMG Group in the 1st quarter valued at about $65,000. Millennium Management LLC boosted its holdings in Elys BMG Group by 112.5% in the 2nd quarter. Millennium Management LLC now owns 143,663 shares of the company’s stock valued at $106,000 after purchasing an additional 76,070 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Elys BMG Group by 668.6% in the 4th quarter. UBS Group AG now owns 118,745 shares of the company’s stock valued at $33,000 after purchasing an additional 103,295 shares during the last quarter.

Elys BMG Group Company Profile

Elys BMG Group, Inc engages in the provision of business-to-consumer gaming services in the United States and Europe. The company offers betting platform software services to leisure betting establishments; and operates web based and land-based leisure betting establishments. Its gaming product offerings include sports betting; and online casino, such as online slot and table games, poker, bingo, skilled and interactive games, virtual sports betting, and horse racing.